re: Cousin just asked me for money: he’s a high income earner and parents are wealthy

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Yep he would have to put up the Air BNB up as collateral

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That ain't gonna work out too well if the cousin is upside down on the properties like OP claims.

Starting to think this is made up nonsense though since OP hasn't been back in this thread since last night when he said his cousin was upside down on the properties. Pretty damn hard to be upside down right now on investment properties since housing prices haven't really come down much from their peaks and a mortgage on an investment/secondary property requires a lot bigger down payment than a mortgage for your primary residence. Unless his cousin was committing mortgage fraud buying the properties and applying for mortgages with low down payment requirements under the pretense that he was buying it to be his primary residence.